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All Journal Indonesian Journal of Banking and Financial Technology (FINTECH)
Ezeugonwa , Linda Uzoma
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Internal Audit and Financial Performance of Quoted Manufacturing Companies in Lagos State, Nigeria Adu , Cecilia Adurayemi; Olusesi, Hakeem Olalekan; Adewale , Johnson Akomolafe; Ezeugonwa , Linda Uzoma
Indonesian Journal of Banking and Financial Technology Vol. 2 No. 3 (2024): July 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fintech.v2i3.11935

Abstract

The study examined the effect of internal audit on financial performance of quoted manufacturing companies in Lagos state while the specific objective was to determine the effect of audit scope on the profitability of quoted manufacturing companies.The population of the was five hundred employees from which a sample size of sixty was selected through purposive sampling technique.  It was revealed by the study that there was a positive relationship between internal audit and financial performance of quoted mmanufacturing companies; that audit scope had significant effect on the profit made by manufacturing companies with R2=34%, (P<0.05). It was suggested that the scope of audit should be expanded to cover all critical operational areas to have a comprehensive evaluation of the company’s processes and controls.
Co-Authors Adewale , Johnson Akomolafe Adu , Cecilia Adurayemi Olusesi, Hakeem Olalekan